Mathematics, 26.11.2020 19:30 carterkanye468

A newspaper ran a story concerning the increasing prices of mobile phones. The story stated that mobile phone prices dropped a few years ago, but now are beginning to increase in price because of added features. • According to the story, the average price of all mobile phones a few years ago was £215.
• A large random sample of mobile phones (n = 200) was taken, and their prices recorded.
• We wish to use a hypothesis test to determine if the average price of all mobile phones is now greater than £215.
Required: Define the hypotheses, and with reference to the applicable random variable distribution, find the rejection region appropriate for this test if we are using the significance level α = 0.05.

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